What works is very clear.... whatever the majority of ppl care about..
With more new traders entering on forex markets everyday, few are the ones who take the time to learn EW. I took the time just to realize that correlation = zero, when we start to get objective and not take any subjective counts, like usual.
And about the myth that says "Ew and fibonnacci are psicological patterns that we follow without consience", like some kind of subnatural miracle, i think how funny are the things that ppl invent to create fantasy worlds where everything can happen.
Ppl care about fibs because some genius guy put that in every traders mind, not because it is a divine ratio. Yes fibs work because we now care.
Anyway... what this means is that, YES EW might work in one market and not in another. It all depends how much EW traders are in each market, each pair, each time frame...
In a market with none EW traders, the best EW trader in the world would not gain nothing with it.
If every trader on forex was a EW trader... we would see milimetric EW patterns. ABCDE ABC ABCDE ABC... for eternity... I dont see that.
PS: Thanks for the magazine.
With more new traders entering on forex markets everyday, few are the ones who take the time to learn EW. I took the time just to realize that correlation = zero, when we start to get objective and not take any subjective counts, like usual.
And about the myth that says "Ew and fibonnacci are psicological patterns that we follow without consience", like some kind of subnatural miracle, i think how funny are the things that ppl invent to create fantasy worlds where everything can happen.
Ppl care about fibs because some genius guy put that in every traders mind, not because it is a divine ratio. Yes fibs work because we now care.
Anyway... what this means is that, YES EW might work in one market and not in another. It all depends how much EW traders are in each market, each pair, each time frame...
In a market with none EW traders, the best EW trader in the world would not gain nothing with it.
If every trader on forex was a EW trader... we would see milimetric EW patterns. ABCDE ABC ABCDE ABC... for eternity... I dont see that.
PS: Thanks for the magazine.